Listed on: 31 Oct 2015 Reference number: SCP13857
Overview
Bathrooms: 9
Home size: 250 M²
Land size: 200 Wah²
Features
- ADSL Internet
- Cable TV
- CCTV
- Ceramic Floors
- Easy Access To The Beach
- Fully Air Conditioned
- Fully Furnished
- Hot Water Throughout
- In Company Name
- In Foreign Name
- Long Term Only
- Private Garden
- Private Parking
- Satellite TV
- Telephone Line
This is a perfect business for those who want an easy, virtually-guaranteed and stead income, with little effort required. Guest bookings are generated daily by the major travel websites.
NOTE - The current owner will provide free training and free management of all booking websites for 6 months after purchase.
Located just 1Km from Phuket International Airport in a rural and peaceful area, this highly-rated 'Bed and Breakfast' serves the needs of transit and overnight travelers. Built in 2014 by the same builder of 3 other 'transit' hotels, this business has a verifiable guest-room occupancy rate close to 100 per cent throughout the year.
The new international terminal at the airport is due to open in 2016, and this will also boost occupancy rates, which reaches more than 100 per cent in high season, (ie the same guest room can be sold more than once per night, because many customers pay the full room rate to stay for a few hours).
The property currently consists of 5 air-conditioned guest rooms, 2 traditional Thai bamboo houses with outside terrace on stilts, 2 luxury Sioux Indian Glamping teepees, a small exercise gym. a fully-equipped kitchen, utility room and garden with children's play equipment - the revenues quoted for the past 12 months of trading are based JUST ON rental of 4 guest rooms because the bamboo houses and Sioux teepees are newly-installed.
A further 2 traditional Thai bamboo houses and 4 Glamping Safari tents are planned to open by the end of January 2016, (or the seller will assist the new owner in the installation of these).
The estimated room rate for the additional guest accommodation is at 75% of the room rate for the existing air-con rooms, (based on the seller's lengthy experience with his other airport hotels).
The property is on long-leased 'bare' land, (a non-Thai can lease land in their own name, without the need for a Thai partner), leased with 12 years remaining on the renewable lease. The monthly lease payment is just $444, and there are no rent increases over the whole of the existing lease term, nor is there any security deposit or key money.
Important- The new owner acquires the Freehold of all existing buildings on the land, as well as any new buildings that they wish to build.
Running costs are very low, because the property has its own well supply (never runs dry), and a reliable septic tank and soakaway system - there are therefore no water/sewage bills from the local government/council.
The average monthly bill for the 3-phase electricity supply is about $250.
The business currently operates very successfully with the foreign owner, one cleaning lady (salary $277/month), and a driver/handyman ($250/month).
The present owner currently operates the business with 4 guest rooms, Since opening the resort, each guest room grosses an average of more than $1,000 income per month, (averaged over one calendar year). Room rates are adjusted to vary between about $24 per night (low season) up to $70 (peak season).
The annual income from renting 4 guest rooms over the past 12 months is $50,000 USD. (This figure is verifiable from the receipt of funds and guest bookings data provided by the property Channel Manager).
The current extra income from sale of food and drinks etc is about $5,500 USD per year.
The running costs for the past 12 months are $15,400 USD.
The estimated annual income from renting the existing and newly-built guest accommodations (5 air-con guest-rooms, 2 Sioux teepees, 2 bamboo houses) is $80,000 USD.
The property receives many guest bookings from online websites, such as Booking dot com, Agoda and Expedia.
The asking price to buy the business, buildings, furnishings, goodwill and future booking revenue is 7 million baht ($200,000 USD) ONO. (So the ROI is about 2.5 years).
Important! This price may be increased if the new guest accommodation generates a higher revenue than estimated.
The business is registered as a Thai limited company, with the owner having majority voting rights, (the other major shareholder is the seller's Thai accountant, whom he has had a trusted relationship for 14 years). A non-immigrant B visa and work permit can be applied for, if the new owner is not Thai.
A few video clips of the property are available on our YouTube channel. Just search for Phuket Airport Bed and Breakfast.
Reason for the sale? The British owner has a lung illness and is retiring to Laos
